All About Pimlico, Ballina, NSW, 2478

Pimlico, located in the scenic Ballina region of New South Wales, offers a unique blend of relaxed coastal living and rural charm. The housing market in Pimlico reflects this serene lifestyle, with a mix of traditional cottages, modern homes, and spacious properties that cater to a range of preferences and budgets. While it might not be as bustling as Australia's larger urban centers, Pimlico provides an attractive option for those seeking a quieter life without sacrificing access to essential amenities and a close-knit community atmosphere. In recent years, the area has experienced a moderate increase in demand, driven by both local families and individuals from larger cities looking to escape the hustle and bustle, which has contributed to a steady, albeit manageable, rise in property values.

Living in Pimlico offers residents the best of both worlds—the tranquility of rural surroundings and the beauty of nearby coastal areas. With its proximity to Ballina, residents enjoy easy access to stunning beaches, vibrant cafes, and a host of outdoor activities ranging from water sports to hiking. Pimlico's local community is known for its friendliness and welcoming nature, making it an ideal place for families and retirees seeking a sense of belonging. Schools, parks, and local markets add to the charm of living here, providing everyday conveniences without the stress of urban crowding. Overall, Pimlico presents a balanced lifestyle choice for those who appreciate nature, community, and the relaxed pace of life found in this picturesque part of New South Wales.

Pimlico Real Estate Market Outlook

Thinking about buying in Pimlico? Now could not be a better time, with just 260 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $1,938,000 with prices in this suburb ranging from $354,000 to $16,589,000. Pimlico is located fairly close to the coast at just 2Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. Low average incomes in Pimlico is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. A mix of professions and above average income earners in Pimlico provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Lower than average population density constrains growth in Pimlico to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in Pimlico we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Pimlico a better buying opportunity than it may have been in the past.

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General Points of Interest

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